Stocks

Software company NetSol Technologies (NTWK) signs mult-million dollar contract

Shares of NetSol Technologies (NTWK) has signed a 5 year multi-million dollar renewal with a tier one Japanese Automotive Customer in APAC.

The company reported today that it has renewed its current agreement with a tier-one Japanese automotive customer in Thailand for a multi-million dollar amount. This customer will continue to license key components of NETSOL’s NFS Retail network, such as the NFS Credit Application Processing System (CAP) and the NFS Contract Management System, under the terms of the contract (CMS).

This client will continue to license some core components of NETSOL’s NFS Retail program, such as the NFS Credit Application Processing System and NFS Contract Management System, under the terms of the contract.

NETSOL Technologies Inc is a company that specializes in information management and business applications. NFS Ascent, NFS Digital, Leasepak Cloud, Business consulting, and information technology services are among the company’s products and services.

At the time of publishing, the price of NETSOL Technologies was trading at $5.58, up 29.9%. A 52-week low of $2.05 and a 52-week high of $6.12 are the stock’s low and high respectively.